Title: Strategic change initiatives in reward management in a merger – case study

Authors: Beena Salim Saji

Addresses: Skyline University College, P.B. No. 1797, Sharjah, UAE

Abstract: The present research work focuses on the changes made in reward management systems and practices after a merger between two banking giants. A case study method using interview is used for the study. The study first focuses on the reasons behind this merger to give a background information and then move forwards to identify the major reward management integration strategies engaged by the two firms to ensure the success of the merger. Change in reward structure usually create increasing amount of anxiety among the existing employees as they will fear about role erosion, or loss of jobs, role overload or any drastic change in their role status. The study found that an early integration plan with fairness in procedures on introducing a reward management system focusing on a total contractual pay system helped in making the change.

Keywords: bank mergers; reward management; contractual salaries; human integration; banking industry; integration strategies; fairness; contractual pay systems; strategic change; reward structures; change management.

DOI: 10.1504/IJSCM.2012.046503

International Journal of Strategic Change Management, 2012 Vol.4 No.2, pp.139 - 148

Published online: 31 Dec 2014 *

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